SPX weekly Iron condor Stopped Out.
This week's position reached our stop loss and was closed as follows:
- CLOSED SPX September 4 2040 Calls.
- CLOSED SPX September 4 2050 Calls.
- CLOSED SPX September 4 1985 Puts.
- CLOSED SPX September 4 1975 Puts.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $2.10 (all four legs)
Net Credit to Enter Iron Condor: $1.25 (all four legs)
(Loss): Loss of ($85).
This represented 10% of the margin/risk and the pre-set max loss for the trade.
As always, stay keen on your risk management and trade carefully,